Lazard Asset Management LLC Increases Stock Holdings in SPS Commerce, Inc. (NASDAQ:SPSC)

Lazard Asset Management LLC raised its stake in SPS Commerce, Inc. (NASDAQ:SPSCGet Rating) by 60.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,433 shares of the software maker’s stock after purchasing an additional 913 shares during the period. Lazard Asset Management LLC’s holdings in SPS Commerce were worth $275,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SPSC. Nisa Investment Advisors LLC increased its stake in SPS Commerce by 30.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,241 shares of the software maker’s stock valued at $163,000 after purchasing an additional 291 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of SPS Commerce in the first quarter valued at approximately $208,000. Atria Investments LLC boosted its holdings in shares of SPS Commerce by 21.7% in the first quarter. Atria Investments LLC now owns 23,128 shares of the software maker’s stock valued at $3,034,000 after acquiring an additional 4,123 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of SPS Commerce by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 5,182 shares of the software maker’s stock valued at $680,000 after acquiring an additional 268 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of SPS Commerce by 12.6% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 89,919 shares of the software maker’s stock valued at $11,797,000 after acquiring an additional 10,060 shares during the period. 99.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPSC shares. StockNews.com started coverage on SPS Commerce in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Stifel Nicolaus increased their price objective on SPS Commerce from $140.00 to $150.00 in a report on Wednesday, October 5th. Craig Hallum decreased their price objective on SPS Commerce from $210.00 to $160.00 in a report on Thursday, July 28th. Finally, TheStreet downgraded SPS Commerce from a “b-” rating to a “c” rating in a report on Friday, October 28th.

SPS Commerce Price Performance

Shares of NASDAQ SPSC opened at $129.19 on Friday. The stock has a fifty day moving average price of $125.20 and a 200 day moving average price of $118.18. SPS Commerce, Inc. has a 1-year low of $96.41 and a 1-year high of $152.09. The company has a market cap of $4.66 billion, a PE ratio of 92.28 and a beta of 0.71.

Insider Buying and Selling

In other SPS Commerce news, CEO Archie C. Black sold 3,845 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $125.17, for a total value of $481,278.65. Following the completion of the transaction, the chief executive officer now owns 56,272 shares in the company, valued at $7,043,566.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other SPS Commerce news, CEO Archie C. Black sold 3,845 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $125.17, for a total value of $481,278.65. Following the completion of the transaction, the chief executive officer now owns 56,272 shares in the company, valued at $7,043,566.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip Soran sold 1,000 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $135.00, for a total value of $135,000.00. Following the completion of the transaction, the director now owns 17,684 shares of the company’s stock, valued at approximately $2,387,340. The disclosure for this sale can be found here. Insiders sold a total of 23,138 shares of company stock valued at $3,091,625 over the last three months. 1.30% of the stock is currently owned by company insiders.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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Institutional Ownership by Quarter for SPS Commerce (NASDAQ:SPSC)

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